Danaos Corp Stock Price Down 3.64 percent on Oct 23
DAC Stock | USD 80.86 5.05 5.88% |
About 63% of all Danaos' shareholders are looking to take a long position. The current sentiment of investing in Danaos suggests that some traders are interested. The current market sentiment, together with Danaos' historical and current headlines, can help investors time the market. In addition, many technical investors use Danaos stock news signals to limit their universe of possible portfolio assets.
Danaos |
Shares of Danaos Corp fell 3.64 percent in mid-day trading on Oct 23. The stock reached an intraday low of 82.11, before recovering slightly to 82.18, down
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Danaos Fundamental Analysis
We analyze Danaos' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Danaos using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Danaos based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Sales
Price To Sales Comparative Analysis
Danaos is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Danaos Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Danaos stock to make a market-neutral strategy. Peer analysis of Danaos could also be used in its relative valuation, which is a method of valuing Danaos by comparing valuation metrics with similar companies.
Peers
Danaos Related Equities
GNK | Genco Shipping | 1.07 | ||||
ESEA | Euroseas | 0.57 | ||||
SBLK | Star Bulk | 0.11 | ||||
ASC | Ardmore Shpng | 0.08 | ||||
GOGL | Golden Ocean | 0.54 | ||||
GSL | Global Ship | 1.93 | ||||
CMRE | Costamare | 3.99 | ||||
NMM | Navios Maritime | 4.79 | ||||
DSX | Diana Shipping | 11.21 |
Complementary Tools for Danaos Stock analysis
When running Danaos' price analysis, check to measure Danaos' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Danaos is operating at the current time. Most of Danaos' value examination focuses on studying past and present price action to predict the probability of Danaos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danaos' price. Additionally, you may evaluate how the addition of Danaos to your portfolios can decrease your overall portfolio volatility.
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